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☆ Investors should 'buy the dip' in Nvidia shares, Itau BBA analysts say
▼ + stars: | 2023-10-25 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Shares of chipmaker Nvidia fell sharply earlier this month after the U.S. government announced new restrictions on exporting advanced artificial intelligence chips to China. Investment bank Itau BBA's analysts believe the new export controls could reduce Nvidia's revenues from China by about 10% in 2025. However, the analysts say the stock's pullback has likely already priced in most or all of that impact. NVDA 1M mountain Itau BBA's $600 price target for Nvidia points to more than 40% upside from the current share price. In response to the plans for new export restrictions, Citi analyst Atif Malik cut his Nvidia price target to $575 from $630.

Persons: Thiago Alves Kapulskis, Atif Malik, Morgan Stanley's Joseph Moore, —, Samantha Subin, Michael Bloom Organizations: Nvidia, U.S, Investment, U.S . Commerce Department, Citi Locations: China, Saudi Arabia

☆ What new U.S. export controls on China mean for Nvidia and other key parts of AI ecosystem
▼ + stars: | 2023-10-19 | by ( Samantha Subin | ) www.cnbc.com time to read: +6 min

Washington's tightened grip on artificial intelligence chip sales to China could have long-term implications for Nvidia , 2023's famed AI darling. Through Wednesday's close, Nvidia, the dominant AI player, had lost 7% this week, while Advanced Micro Devices and Marvell Technology slumped more than 2%. What it means for Nvidia Nvidia said in an SEC filing this week that the latest government curbs could hinder its new product development timeline, and a handful of chip models. The major aim of the latest U.S. restrictions is to prevent China from harnessing advanced semiconductor chips to strengthen its military. To be sure, Nvidia isn't the only company slated to feel the pressure from the latest export curbs.

Persons: Greg Bassuk, Atif Malik, Morgan Stanley's Joseph Moore, Malik, America's Vivek Arya, Harlan Sur, Goldman Sachs, Toshiya Hari, Paul Meeks, Meeks, Charles Shi, JPMorgan's, Raymond James, Srini Pajjuri, Michael Bloom Organizations: Nvidia, U.S . Commerce Department, Devices, Marvell Technology, Commerce Department, Micron Technology, AXS Investments, Nvidia Nvidia, SEC, United, United Arab Emirates, Citi, Intel, Investments, Bank, America's, JPMorgan Chase, Lam Locations: China, Boise , Idaho, Vietnam, Saudi Arabia, United Arab, Freemont , California

☆ Citi cuts Nvidia price target on U.S. chip export restrictions to China
▼ + stars: | 2023-10-18 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

Citi maintained its buy rating on Nvidia but lowered its price target to $575 from $630. The bank's lowered outlook comes after the U.S. Department of Commerce announced new export restrictions Tuesday that would curb the sale of more advanced artificial intelligence chips to China. The move will restrict the export of Nvidia's A800 and H800 chips as the federal government attempts to further tighten last year's restrictions on AI chip exports. Malik lowered his full-year 2025 earnings per share by 0.3% to reflect lowered China exposure with Nvidia's GeForce RTX 4090 graphics cards. Morgan Stanley analyst Joseph Moore lowered his target by $30 to $600 on the back of the new export controls.

Persons: Atif Malik, Malik, Morgan Stanley, Joseph Moore, Moore, — CNBC's Michael Bloom Organizations: Citi, Nvidia, U.S . Department of Commerce, NVIDIA, federal, United Arab Locations: China, Saudi Arabia, United Arab Emirates, Vietnam

☆ This could be the next major bullish catalyst for AI darling Nvidia
▼ + stars: | 2023-10-08 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

A new chip from Nvidia could prove the next major catalyst for the artificial intelligence darling in 2024, according to Wall Street analysts. Even so, Wall Street remains bullish on the chipmaker, with about 85% of analysts holding a buy rating on the stock, and the average price target implying 43% upside from Friday's close. While the launch of the next-generation chip known as Blackwell isn't expected until 2024, Wall Street analysts are already bracing for the debut to drive significant growth at Nvidia, which already dominates the AI market. The chip is also slated to carry a higher average selling price and better performance than Nvidia's current H100 model. Piper Sandler's Harsh Kumar called the product the "next-gen compute GPU product" for AI and high performance computing.

Persons: Jensen, Blackwell isn't, Atif Malik, Piper Sandler's Harsh Kumar, John Vinh, Vinh, — CNBC's Michael Bloom Organizations: Nvidia, Wall Street, Citi, Taiwan Semiconductor, KeyBanc Locations: CoWoS, 2H24, 4Q24

☆ Here’s what major analysts thought of the new iPhone and what to do with Apple’s stock
▼ + stars: | 2023-09-13 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

He highlighted the enhanced photo capabilities on Pro models and called the new double tap feature the most notable upgrade to the Apple Watch. Many analysts expected hikes around $100 and $200 for the beefed up Pro and Pro Max iterations. Apple essentially delivered a $100 price hike on the Pro Max by doing away with the lower storage option. He noted that the hike on the Pro Max skewed to the low end of the Wall Street firm's expectation range. Evercore ISI's Amit Daryanani regarded the event as "mildly disappointing" for bulls hoping for a Pro price increase.

Persons: Toni Sacconaghi, Canaccord Genuity's Michael Walkley, Goldman Sachs, Michael Ng, Wells, Aaron Rakers, Pro Max, iPhones, Atif Malik, Evercore ISI's Amit Daryanani, David Vogt, Samik Chatterjee, Erik Woodring's, Morgan, Apple, Woodring, Sacconaghi, — CNBC's Michael Bloom Organizations: Apple, Apple Watch, Wall, Pro, Citi, UBS Locations: China

☆ Citi says this networking equipment stock is an early AI play that can jump nearly 20%
▼ + stars: | 2023-08-31 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Arista Networks could be an early way to get into artificial intelligence, according to Citi. Analyst Atif Malik upgraded the networking equipment stock to buy from neutral and raised his price target to $220 from $177. He also said AI can create a business opportunity between $2 billion and $5 billion over the next three to five years. Malik said Arista's investor day in November could be a positive catalyst for the stock. ANET YTD mountain Arista Networks, year to date — CNBC's Michael Bloom contributed to this report

Persons: Atif Malik, Malik, hyperscaler capex, Michael Bloom Organizations: Arista Networks, Citi, Arista, Nvidia, Microsoft, Meta

☆ Nvidia reported another blowout quarter, and analysts don't see that momentum waning
▼ + stars: | 2023-08-24 | by ( Alex Harring | ) www.cnbc.com time to read: +3 min

And it's already a popular business: the company reported $10.32 billion in data center revenue, reflecting a 171% increase from the same quarter a year ago. Roy also raised his price target for shares to $600, which reflects a 27.3% jump from Wednesday's close. If met, that price target equates to a more than 310% gain from where the stock finished 2022. Bank of America's Vivek Arya hiked his price target to $650 from $550, and Atif Malik of Citi now expects the stock to go to $630. In addition to the data center business, Goldman's Hari pointed to improving supply as a reason to be optimistic that there's still upside ahead.

Persons: Refinitiv, Ruben Roy, Roy, Wells, Aaron Rakers, Goldman Sachs, Toshiya Hari, America's Vivek Arya, Atif Malik, Goldman's Hari, BofA's Arya, Hari, Ross Seymore, he'd, NVDA, Michael Bloom Organizations: Nvidia, Bank, America's, Citi, Deutsche Bank Locations: Wells Fargo

☆ Here's the trade on Nvidia ahead of earnings, according to analysts
▼ + stars: | 2023-08-20 | by ( Brian Evans | ) www.cnbc.com time to read: +3 min

NVDA YTD mountain NVDA has surged in 2023 Ahead of earnings Wednesday, analysts are weighing in on the forthcoming report and how to trade the earnings. Oppenheimer's Rick Schafer maintained an outperform rating on Nvidia and raised his price target to $500 per share up from $420. Elsewhere, Citi analyst Atif Malik reiterated both a buy rating and a $520 per share price target in a note last week. However, Deutsche Bank analyst Ross Seymour is more cautious on Nvidia stock heading into earnings, and reiterated a hold rating in Tuesday note. Seymour maintains a $440 per share price target, which forecasts roughly 2% upside from the stocks current trading levels.

Persons: Hans Mosesmann, Mosesmann, Oppenheimer's Rick Schafer, " Schafer, Wolfe, Chris Caso, " Caso, Atif Malik, Wall, Malik, Ross Seymour, Seymour, — CNBC's Michael Bloom Organizations: Nvidia, Rosenblatt Securities, Wolfe Research, Citi, Deutsche Bank, LT

☆ A buying opportunity has emerged in this A.I. darling, two top analysts say
▼ + stars: | 2023-08-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Investors may want to consider using the recent weakness in Nvidia to snatch up shares of the artificial intelligence darling, according to some Wall Street analysts. The chipmaker sold off nearly 5% Wednesday following comments from Super Micro Computer that pointed to some supply chain bottlenecks related to Nvidia and other competitors. NVDA 5D mountain Nvidia shares over the last five trading days Nvidia ticked down less than 1% Thursday, and shares sit about 11% off their highs. Citi analyst Atif Malik encouraged investors to buy the weakness in shares, calling the supply concerns "overdone." Morgan Stanley's Joseph Moore reiterated his overweight rating in a Wednesday note, adding that the stock remains a top semiconductor pick.

Persons: Atif Malik, Morgan Stanley's Joseph Moore, — CNBC's Michael Bloom Organizations: Micro, Nvidia, Citi

☆ Analysts see more gains for Apple going forward, but some warn of mounting headwinds
▼ + stars: | 2023-08-04 | by ( Brian Evans | ) www.cnbc.com time to read: +4 min

AAPL YTD mountain Apple stock was trading lower after quarterly results. Apple doesn't provide official forward guidance and has not done so since 2020 over macroeconomic uncertainty. Morgan Stanley's Erik Woodring reiterated an overweight rating on Apple but lowered his price target to $215 from $220. Bank of America's Wamsi Mohan remained neutral on Apple, accompanied by a $210 price target that equates to roughly 10% upside. Rakers maintained an overweight rating on Apple stock with a $225 price target, or about 18% upside from Thursday.

Persons: Apple, Luca Maestri didn't, Apple doesn't, Morgan Stanley's Erik Woodring, Woodring, Morgan Stanley, America's Wamsi Mohan, Mohan, Citi's Atif Malik, Malik, Wells, Aaron Rakers, JPMorgan's Samik Chatterjee, Chatterjee, Goldman Sachs, Michael Ng, Apple's, Ng, — CNBC's Michael Bloom Organizations: Apple, America's

☆ Don't expect Nvidia's rally to lose steam, Citi says
▼ + stars: | 2023-07-17 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Atif Malik raised his price target by $100 to $520 while maintaining his buy rating. That share price would be more than four times higher where the stock finished 2022. But neither his price target or bull case are considered outlandish for the stock. Though both are above the average analyst's price target of $479.22, neither exceeds the highest price target on Wall Street of $767 per share, according to Refinitiv. In addition to the price target hike, Malik also raised his outlook for earnings per share in upcoming years.

Persons: Atif Malik, Malik, Maik, — CNBC's Michael Bloom Organizations: Nvidia, Citi, Devices Locations: Friday's, China

☆ Taliban compounds misery for women in Afghanistan with order to close all beauty salons
▼ + stars: | 2023-07-05 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +4 min

The impending closure of beauty salons further diminishes the freedom of women and delivers a harsh economic blow to families who rely on them for income. An Afghan beautician attends to a customer at a beauty salon in Mazar-i-Sharif on June 27, 2023. My husband is jobless and this beauty salon is the only means to feed my family. “I don’t understand why beauty salons should be banned. According to their report, women are banned from working in most sectors outside the home, and are prohibited from attending public baths, parks, and gyms.

Persons: Mohammad Sidik Akif, Afghan beautician, Sharif, “, ”, Richard Bennett, Dorothy Estrada, Tanck, they’re, who’ve, Markus Potzel, Afghanistan’s “ Organizations: CNN, Ministry, United Nations, Getty, UN Locations: Afghanistan, United States, Afghan, Mazar, AFP, Kabul

☆ Apple passes $3 trillion market cap. Here's how to play the stock
▼ + stars: | 2023-06-30 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Apple . The pros discussed the tech giant after it topped $3 trillion in market cap Friday and its stock closed at an all-time high. Apple first reached $3 trillion in January 2022 but fell below that milestone before the closing bell that same day. Late Thursday, Citi's Atif Malik initiated Apple as a buy with a $240 price target, the highest of any Wall Street analyst. The stock is currently held in Jim Cramer 's Charitable Trust portfolio.

Persons: Citi's Atif Malik, Apple, Jim Cramer Organizations: Apple, Trust

☆ Apple's market value breaches $3 trillion mark again
▼ + stars: | 2023-06-30 | by ( Tiyashi Datta | ) www.reuters.com time to read: +2 min

Shares of Apple, which is also the world's most valuable- listed company, were up 1.6% at $192.6, after touching a record high of $193.15 during the day. They have jumped nearly 46% this year and, at the current price, the company's market value stands at around $3.02 trillion. Apple's market value briefly peaked at above $3 trillion in intra-day trading on Jan. 3, 2022, before closing the session just below that mark. Apple's 12-month forward price-to-earnings multiple (P/E), a common benchmark for valuing stocks, is 29.49, well above the sector median of 13.14, according to Refinitiv data. Currently, four other U.S. companies have a valuation of more than $1 trillion - Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O), Nvidia Corp (NVDA.O) and Microsoft Corp (MSFT.O), which is a close second with a market value of $2.49 trillion.

Persons: Atif Malik, Microsoft's, Tiyashi Datta, Anil D'Silva Organizations: Apple, Citigroup, Federal, Amazon.com Inc, Nvidia Corp, Microsoft Corp, Tesla, Nvidia, Reuters, Thomson Locations: Bengaluru

☆ Citi begins new coverage of Apple at a Street-high price of $240
▼ + stars: | 2023-06-29 | by ( Scott Schnipper | ) www.cnbc.com time to read: +1 min

Citigroup's Atif Malik initiated research coverage of Apple late Thursday with a buy recommendation and a $240 price target, the highest on Wall Street among more than 30 analysts who cover the iPhone maker, according to FactSet. Apple rose another 0.2% postmarket Thursday after closing at a record $189.59 and approaching a $3 trillion market capitalization. Malik's price target implies further appreciation of another 27% on top of the 46% advance the stock has already scored in the first half of 2023. Apple already exceeds Wall Street's consensus price target of $187.19, according to FactSet. The prior Street-high price objective was Wedbush Securities analyst Dan Ives' $220, FactSet shows.

Persons: Citigroup's Atif Malik, Malik, Dan Ives, — CNBC's Michael Bloom Organizations: Apple, Wall, Citigroup, Wedbush Securities

☆ Why this chip stock could be the next Nvidia
▼ + stars: | 2023-05-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Those who missed Nvidia's recent surge may want to consider putting their money in one overlooked artificial intelligence beneficiary: Marvell Technology. The stock surged 181% this year on AI tailwinds. "Not sure we can make sense of the recent AI rally, but this is a name that belongs in the basket." Bank of America analyst Vivek Arya called the chip stock an "underappreciated" AI beneficiary in a recent note. "All in all, MRVL AI revenue is expected to grow at a 100% CAGR from FY23-FY25," Malik said.

☆ Marvell shares rocket 32% on earnings beat and 'tremendous' business potential for A.I.
▼ + stars: | 2023-05-26 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +1 min

Shares of Marvell Technology continued a significant overnight rally Friday, surging about 32% off the back of quarterly earnings results that beat on the top and bottom lines. On an analyst conference call, Marvell CEO Matthew Murphy said the company had begun to reassess how it looked at the "tremendous" business potential of AI. "In FY2023, MRVL estimated its AI revenue to be ~ $200 million, representing a strong uptick from FY22. The company expects AI sales to reach ~$400M+ in FY24 before doubling in FY25," the note from Citi's Atif Malik said. Many semiconductor firms experienced a lift from Nvidia's Wednesday blowout earnings report.

Organizations: ~ $

☆ 5 real estate investors who started with low credit scores or zero credit at all share 4 strategies they used to boost their credit and buy their first homes
▼ + stars: | 2023-04-29 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

Insider has spoken to successful real estate investors who started with terrible credit, or no credit at all, and still managed to buy investment properties. Like many young students, they didn't fully understand how credit worked and ended up racking up credit card debt. Apply for a secured credit card and pay your bills on timeWithout any credit history, Afzal couldn't open a regular credit card. Instead, he had to start by getting a secured credit card, which is a starter card that doesn't require a credit history or credit score. The credit card company will hold that money as collateral if you end up defaulting your card.

☆ A freelancer who is financially independent from his real estate portfolio shares the 'pyramid model' that helps him decide how to invest his money
▼ + stars: | 2023-04-23 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +6 min

Atif Afzal has built wealth and created financial independence via real estate investing, but it's not the only place he puts his money. Real estate is the lowest risk for me because traditionally it has always grown." Despite his success as a real estate investor, he's invested in other types of assets, including cryptocurrency and the stock market. Why real estate is at the base of the pyramidFor Afzal, investing most of his money into real estate means "adopting a conservative approach," he said. Seattle-based real estate investor and self-made millionaire Todd Baldwin similarly believes that real estate investing is the most tried-and-true way to generate wealth.

☆ The housing market’s still in limbo - but homebuyers could pile back into the market if mortgage rates hit this key level
▼ + stars: | 2023-04-21 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

"Home sales are trying to recover and are highly sensitive to changes in mortgage rates," NAR economist Lawrence Yun said. He added that home prices are still climbing in regions where jobs are being added and housing is relatively affordable. cutting rates) in the next 12 months, which will again sway the housing sector. With that outlook in mind, the economist said "home sales will steadily rebound despite several months of fluctuations." Even in a tight market, this home expert still sees potential to save money on interest rates.

☆ A real-estate investor who estimates his properties have appreciated over 60% in value explains exactly what he's looking for in a property — and how he finds great deals
▼ + stars: | 2023-04-19 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Part-time real estate investor Atif Afzal says his properties have gone up in value by more than 60%. He invests in Monroe, New York, which is about 50 miles north of New York City. Atif Afzal bought his first property in Monroe, New York in 2019. What he's looking for in an investment propertyAfzal has a few specific requirements when he's looking at investment opportunities. It helps that he's worked with the same realtor since day one, he said, since she's aware of exactly what types of properties he's looking for.

☆ A part-time real estate investor who is financially independent thanks to his rental income shares 3 strategies he's used to maximize cash flow
▼ + stars: | 2023-04-15 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +5 min

Part-time real estate investor Atif Afzal is financially independent, thanks to his rental income. To maximize his cash flow, he manages his properties himself, rather than paying a property manager. When Atif Afzal set out to invest in real estate, his goal was to create cash flow. He shared three strategies that have helped him maximize cash flow and create financial independence. There are other advantages to buying in cash besides the cash flow component: "The biggest advantage is you are in the driver's seat and in a better position to negotiate with the seller.

☆ Russia's war economy isn't as resilient as reports would have you believe
▼ + stars: | 2023-04-14 | by ( Phil Rosen | ) www.businessinsider.com time to read: +5 min

That brings us to today's main story — economists say the official data coming out of Russia isn't painting an accurate picture of Putin's wartime economy. "These are the things that businesses deliver and consumers purchase in an economy, and they have been absorbing the impact. Our tracker shows a contraction of the Russian economy ahead of the official figures release precisely because we use high-frequency indicators from the private economy." Vehicle sales, imports, credit growth, home prices, and other measures all point to a much less robust regime since Vladimir Putin's war on Ukraine began. These four charts tell the story of how war has reshaped Russia over the last year.

☆ A 37-year-old immigrant who started with 'zero credit' and couldn't get a mortgage when he moved to New York explains how he built a 4-property portfolio that's helped him achieve financial independen
▼ + stars: | 2023-04-13 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +8 min

When Atif Afzal moved to the US in 2018, he didn't have a credit score and had to start from scratch. His lack of credit became a problem when he wanted to buy a home, so he saved up to buy it in cash. When Atif Afzal moved from India to upstate New York in 2018, he didn't have a credit score. Unable to secure a mortgage, he decided to buy his first property with cash. When he first decided to buy property, "my priority was selecting an awesome location," he said.

☆ Former Pakistan PM Imran Khan reportedly shot and wounded
▼ + stars: | 2022-11-03 | by ( ) www.cnbc.com time to read: 1 min

Pakistan's former PM Imran Khan on Thursday was reportedly shot and wounded at a protest march. Mohammad Atif Khan, a senior politician and close aide of Khan, told NBC News he had been shot in the leg and taken to hospital. Kahn's condition is "out of danger," he added. This is a breaking news story and will be updated shortly.

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